NPORT-EX 2 PI62530PRU033125.htm
PSF PGIM JENNISON GROWTH PORTFOLIO
SCHEDULE OF INVESTMENTS as of March 31, 2025 (unaudited)
      Shares   Value
Long-Term Investments — 97.5%
Common Stocks
Aerospace & Defense — 3.5%
Axon Enterprise, Inc.*
26,734   $14,060,747
Boeing Co. (The)*
344,363   58,731,109
General Electric Co.
219,871   44,007,181
            116,799,037
Automobiles — 2.1%
Tesla, Inc.*
276,966   71,778,508
Biotechnology — 1.8%
Vertex Pharmaceuticals, Inc.*
129,276   62,675,590
Broadline Retail — 9.4%
Amazon.com, Inc.*
1,472,338   280,127,028
MercadoLibre, Inc. (Brazil)*
18,170   35,447,308
            315,574,336
Capital Markets — 2.2%
Goldman Sachs Group, Inc. (The)
31,135   17,008,739
KKR & Co., Inc.
154,518   17,863,826
LPL Financial Holdings, Inc.
31,160   10,193,683
Moody’s Corp.
60,070   27,973,998
            73,040,246
Consumer Staples Distribution & Retail — 4.3%
Costco Wholesale Corp.
81,227   76,822,872
Walmart, Inc.
765,449   67,198,768
            144,021,640
Electric Utilities — 0.7%
Constellation Energy Corp.
111,219   22,425,087
Electrical Equipment — 0.2%
Vertiv Holdings Co. (Class A Stock)
112,559   8,126,760
Entertainment — 7.5%
Netflix, Inc.*
168,819   157,428,782
Spotify Technology SA*
66,910   36,802,507
Walt Disney Co. (The)
575,591   56,810,832
            251,042,121
Financial Services — 5.5%
Mastercard, Inc. (Class A Stock)
198,261   108,670,819
Visa, Inc. (Class A Stock)
217,068   76,073,651
            184,744,470
Ground Transportation — 1.8%
Uber Technologies, Inc.*
846,594   61,682,839
Health Care Equipment & Supplies — 2.5%
Dexcom, Inc.*
358,530   24,484,014
Edwards Lifesciences Corp.*
368,519   26,710,257
Intuitive Surgical, Inc.*
65,074   32,229,200
            83,423,471
Hotels, Restaurants & Leisure — 3.2%
Airbnb, Inc. (Class A Stock)*
245,452   29,321,696
Cava Group, Inc.*
143,614   12,409,686
Hilton Worldwide Holdings, Inc.
175,835   40,011,254
      Shares   Value
Common Stocks (continued)
Hotels, Restaurants & Leisure (cont’d.)
Starbucks Corp.
252,047   $24,723,290
            106,465,926
Insurance — 1.1%
Progressive Corp. (The)
126,807   35,887,649
Interactive Media & Services — 9.6%
Alphabet, Inc. (Class A Stock)
414,672   64,124,878
Alphabet, Inc. (Class C Stock)
412,480   64,441,750
Meta Platforms, Inc. (Class A Stock)
336,777   194,104,792
            322,671,420
IT Services — 0.7%
Snowflake, Inc. (Class A Stock)*
157,181   22,973,575
Media — 0.5%
Trade Desk, Inc. (The) (Class A Stock)*
346,429   18,956,595
Pharmaceuticals — 4.6%
Eli Lilly & Co.
139,620   115,313,554
Novo Nordisk A/S (Denmark), ADR(a)
591,892   41,100,981
            156,414,535
Semiconductors & Semiconductor Equipment — 13.6%
Broadcom, Inc.
807,681   135,230,030
NVIDIA Corp.
2,530,092   274,211,371
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan), ADR
189,852   31,515,432
Texas Instruments, Inc.
93,679   16,834,116
            457,790,949
Software — 13.2%
Adobe, Inc.*
44,937   17,234,688
AppLovin Corp. (Class A Stock)*
57,160   15,145,685
Cadence Design Systems, Inc.*
227,036   57,742,066
Crowdstrike Holdings, Inc. (Class A Stock)*
146,681   51,716,787
Datadog, Inc. (Class A Stock)*
166,749   16,543,168
Microsoft Corp.
533,441   200,248,417
Salesforce, Inc.
121,707   32,661,291
Samsara, Inc. (Class A Stock)*
226,442   8,679,522
ServiceNow, Inc.*
54,010   42,999,521
            442,971,145
Specialty Retail — 2.4%
Industria de Diseno Textil SA (Spain)
312,989   15,584,311
O’Reilly Automotive, Inc.*
31,327   44,878,434
TJX Cos., Inc. (The)
158,628   19,320,890
            79,783,635
Technology Hardware, Storage & Peripherals — 5.7%
Apple, Inc.
865,652   192,287,279
Textiles, Apparel & Luxury Goods — 1.4%
adidas AG (Germany)
122,803   28,964,378
NIKE, Inc. (Class B Stock)
303,955   19,295,063
            48,259,441
 
Total Long-Term Investments

(cost $1,490,332,836)
  3,279,796,254
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PSF PGIM JENNISON GROWTH PORTFOLIO (continued)
SCHEDULE OF INVESTMENTS as of March 31, 2025 (unaudited)
      Shares   Value
 
Short-Term Investments — 2.1%
Affiliated Mutual Funds
PGIM Core Ultra Short Bond Fund(wb)
31,008,338   $31,008,338
PGIM Institutional Money Market Fund (7-day effective yield 4.548%)

(cost $39,861,024; includes $39,747,439 of cash collateral for securities on loan)(b)(wb)
39,885,020   39,861,089
 
Total Short-Term Investments

(cost $70,869,362)
  70,869,427
 
TOTAL INVESTMENTS—99.6%

(cost $1,561,202,198)
  3,350,665,681
 
Other assets in excess of liabilities — 0.4%
  12,092,576
 
Net Assets — 100.0%
  $3,362,758,257
    
Below is a list of the abbreviation(s) used in the quarterly schedule of portfolio holdings:
ADR American Depositary Receipt
    
* Non-income producing security.
(a) All or a portion of security is on loan. The aggregate market value of such securities, including those sold and pending settlement, is $39,039,168; cash collateral of $39,747,439 (included in liabilities) was received with which the Portfolio purchased highly liquid short-term investments. In the event of significant appreciation in value of securities on loan on the last business day of the reporting period, the Portfolio may reflect a collateral value that is less than the market value of the loaned securities and such shortfall is remedied the following business day.
(b) Represents security, or portion thereof, purchased with cash collateral received for securities on loan and includes dividend reinvestment.
(wb) Represents an investment in a Fund affiliated with the Manager. 
 
Other information regarding the Portfolio is available in the Portfolio’s most recent Report to Shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).
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